How Kansas could lose billions in land values as its underground water runs dry

In increasingly dry western Kansas, underground water makes everything possible. Irrigation for crops. Stock water for cattle. Drinking water for towns. In all, the Ogallala Aquifer provides 70-80% of water used by Kansans each day. So how much is all that water worth? A recent study from Kansas State University says the aquifer under western Kansas increases land values by nearly $4 billion. But those billions are drying up at an accelerating rate. Aquifer water levels across western and central Kansas dropped by more than a foot on average this past year. That’s the biggest single-year decrease since 2015, according to the Kansas Geological Survey’s annual report.
Source: KCUR News